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Diablo Resources Limited (ASX:DBO)

ALERT: Price-sensitive ASX Announcement for DBO
Current share price for DBO : $0.017 -0.008 (-32%)+
Announcement
Release
4 Feb 2026 8:23AM
Price at Release
$0.025
Full Release
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Summary
Diablo Resources Limited announced an increase in the project size of their Star Range Critical Minerals Project, located in southwestern Utah. The project expanded through the acquisition of 52 additional unpatented lode claims, extending the total to 238 claims covering approximately 4,596 acres. This expansion highlights the potential to secure a domestic source of critical minerals like silver and antimony, aligning with U.S. strategies to strengthen domestic supplies. The North Star Prospect within the project area, identified as the highest priority drill target, now includes an additional 1,000 meters of mineralized trend. High-grade surface samples, particularly of silver, support the exploration potential. Plans are in place for further geochemical sampling, mapping, and a maiden drilling program to explore these new claims.
Key Points
  • Project footprint increased with 52 additional lode claims.
  • The project now spans 238 claims totaling ~4,596 acres.
  • North Star Prospect identified as the highest priority drill target.
  • High-grade silver and antimony samples collected.
  • Expansion aligns with U.S. critical minerals strategy.
  • Planning for maiden drilling program underway.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.